Fremont Sells Subprime Mortgages For $2.9M, Residential Loans Next

  • 17 Apr 2007
Fremont General has agreed to sell about $2.9 billion of subprime mortgages and has entered into exclusive talks to sell its residential lending business to the same unnamed party, sending its share price soaring, according to Reuters. Fremont said the loans represent the bulk of subprime loans marked ...

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1 BNP Paribas 14,443 29 18.07
2 Bank of America Merrill Lynch (BAML) 8,264 27 10.34
3 Lloyds Bank 7,329 24 9.17
4 Citi 6,748 19 8.44
5 JP Morgan 5,220 8 6.53

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3 JPMorgan 92,612.23 269 8.71%
4 Wells Fargo Securities 82,597.19 239 7.77%
5 Credit Suisse 69,442.99 183 6.53%